ATF price cut by steep 10%; non-subsidised cooking gas costs ₹53 less

NEW DELHI : Jet fuel (ATF) prices were on Monday slashed by a steep 10%, the second straight reduction in rates in as many months, as international oil prices slumped on fears of the spread of coronavirus.

Simultaneously, the rates of non-subsidised cooking gas (LPG) were cut by ₹53, wiping away a third of the record ₹144.50 per cylinder price hike effected last month, according to a price notification issued by state-owned oil firms.

Aviation turbine fuel (ATF) price was cut by ₹6,590.62 per kilolitre (kl), or 10.3 per cent, to ₹56,859.01 per kl in Delhi.